Chapter

The Return to Chinese Rule: 1997–2009

Michael Littlewood

in Taxation Without Representation

Published by Hong Kong University Press

Published in print January 2010 | ISBN: 9789622090996
Published online September 2011 | e-ISBN: 9789882207455 | DOI: http://dx.doi.org/10.5790/hongkong/9789622090996.003.0009
The Return to Chinese Rule: 1997–2009

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This chapter focuses on the British Handover of Hong Kong to China. On 30 June 1997, Hong Kong ceased to be a British colony and became a Special Administrative Region (SAR) of the People's Republic of China. This transition entailed no change in the territory's tax system. The Inland Revenue Ordinance, like almost all the legislation left behind by the colonial regime, remained in force. China promised that Hong Kong would enjoy a high degree of autonomy and that the structure of its government would remain unchanged. More particularly, China made it clear that there still would be a complete separation between Hong Kong's tax system and public finances.

Keywords: British Handover; Hong Kong; China; British colony; Special Administrative Region; SAR; People's Republic of China; Inland Revenue Ordinance; tax system

Chapter.  21575 words. 

Subjects: Business and Management

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